October 4, 2011 [Oiltanking] - Oiltanking Terneuzen B.V. has signed a long-term contract with Statoil, a leading international energy company, for oil and chemical storage services.
The agreement, which will go into effect in 2013, will strengthen Oiltanking’s position in the important ARA hub for oil and chemicals and reinforce Statoil’s trading portfolio in North-western Europe.
By signing this contract, the capacity of the terminal will increase with 317.000 cbm to 472.500 cbm. The expansion enhances the construction of 16 product flexible storage tanks with subsequent pumping, pipeline and vapour recovery facilities. In this way, Oiltanking Terneuzen B.V. shall provide sustainable and state-of-the-art storage technology in line with the latest environmental standards. Next to that, a new 2/4 combination jetty will be built in cooperation with Zeeland Seaports, facilitating large seagoing ships with simultaneous barge movements and hence insuring a very reliable service.
